With the increasing popularity of the Internet of Things (IoT), more and more organizations are looking to be relevant. This interesting topic came to us from Barron’s in their article “Honeywell Pushes to Become ‘Digitally Contemporary,’ CEO Says.”
Digital is the word. Honeywell has joined the long list of organizations looking to become a digitally contemporary company. With a focus on data integrity, consistency and common IT architectures and platforms, the connectivity enables them to make better decisions and become much more efficient.
By leveraging the use of artificial intelligence (AI), machine learning and other emerging technologies, organizations are able to reduce their fixed financial footprint, becoming much more variable versus fixed cost oriented.
Utilizing data to its fullest potential can drive savings and efficiency. Even though this is a fairly new playing field, there is competition among the players. They are all reaching for digital expertise.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.